PIMCO Launches Active Short Term Muni Bond ETF (SMMU)

Tuesday marks the first day of trading for the PIMCO Short Term Municipal Bond Strategy Fund (SMMU), the third actively-managed ETF from the Newport Beach, California-based bond fund giant. The fund is designed for investors seeking tax-exempt income, and consists of a diversified portfolio of short duration, high credit quality bonds that carry interest income [...] Related Stories: PIMCO Launches MUNI Bond ETF PIMCO Launches Actively-Managed Short Maturity ETF Grail Launches Two Active Bond ETFs